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Exhibit 11.2
The following questions use the data below.
Honest Al's Used Cars wants to predict how many cars are sold each month. He has collected data for 12 months. He needs your help in analyzing this data using weighted moving averages.
-Refer to Exhibit 11.2. What formula should be entered in cell C6 to compute the 2-month weighted moving average forecast for month 3?
Consumer Orientation
A business approach that prioritizes identifying and meeting the needs and wants of consumers.
Creates a Product
The process of designing, manufacturing, or crafting goods or services to be offered for sale or use.
Workforce
The collection of all employees or workers in a company, organization, or economy.
Decrease
A reduction in size, quantity, or degree.
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